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Columbia Threadneedle Investments looks to bolster ETF capabilities with deal for Emerging Global Advisors

Columbia Threadneedle Investments' reached an agreement to acquire .

Terms of the deal, which is expected to close later in theyear, were not disclosed.

The transaction will significantly expand ColumbiaThreadneedle Investments' smart-beta capabilities. Emerging Global Advisorsboasts $892 million in assets and is the investment adviser to the EGSharessuite of nine emerging markets equity exchange-traded funds.

Columbia Threadneedle Investments is the global assetmanagement group of AmeripriseFinancial Inc.